• StayNTouch

  Led · Series A · Feb 2016

  Stayntouch offers a cloud-native, mobile guest-centric property management system (PMS) that connects front- and back-office functions including reservations, front desk operations, payments, revenue management, reporting, and multi-property management. In October 2022 the company launched Stayntouch 2.0, expanding its suite to include an end-to-end payments platform, a customizable booking engine, a channel manager, and enhanced chain-management capabilities. The platform includes a library of over 1,100 integrations and serves independent hotels, management companies, and hotel chains, with customers such as Sage Hospitality, HEI Hotels & Resorts, EOS Hospitality, Stoney Creek Hotels, Village Hotels, Pod Hotels, First Hotels, the TWA Hotel and Zoku Amsterdam. Founded in 2012 and acquired by MCR in 2020, Stayntouch has attracted significant investment to build its cloud software products. Since inception, over $200 million has been invested in the company's growth and product development. The company plans to use additional capital to expand its PMS and payments offerings, accelerate customer acquisition, and continue delivering customer service globally. StayNTouch provides cloud-based property management and mobile technology that lets hotels use tablets and smartphones to connect staff and guests, enhancing the guest experience and driving increased guest revenue. Its Zest™ solution enables guests to self check-in and out, view hotel folios, and receive upgrade promotions via their smartphones. Led by founder and CEO Jos Schaap, the company is deployed in select U.S. and European cities and has signed dozens of high-profile properties including MGM Resorts International, Yotel, Great Wolf Hotels and Resorts, Zoku Amsterdam, and the Fontainebleau Miami Beach. Since its inception in 2013 the Bethesda, MD–based company has focused on cloud-native mobile PMS functionality. It closed a $9.5M funding round in March 2016 and intends to use the proceeds to build out its solutions worldwide. StayNTouch provides a cloud-based platform that manages all on-property touch points between hotel staff and guests, enabling check-in/out, service ordering, and staff communication via guests' smartphones. The company is led by CEO Jos Schaap and EVP Sales Tim Kinsella. StayNTouch received $1.6M in seed financing to accelerate product development and expand sales operations. The round was led by Concur through the Concur Perfect Trip Fund, with participation from Acceleprise. As part of the deal, Michael Koetting, Concur’s EVP of Supplier Management and Advertising, will join StayNTouch’s board. The company is based in Potomac, MD.

• Table8

  Led · Equity · May 2014

  Table8 is a fee-based restaurant reservation platform that lets users dine at restaurants without planning ahead. The service is currently in beta in San Francisco. The company raised $4.6M in funding. Backers included Concur (Nasdaq: CNQR)’s Perfect Trip™ Fund. Table8 intends to use the funds to accelerate rollout across the U.S., develop its platform and make it available through the App Center. It has plans to expand to other cities including New York, London and Chicago.

• Yapta

  Participated · Series D · Nov 2013

  Yapta provides post-booking price-tracking tools—FareIQ for airfare and RoomIQ for hotel bookings—that alert customers when rebooking will yield savings. The company was founded in 2007 and pivoted to focus on corporate travel around 2012 under CEO James Filsinger. Yapta currently employs about 20 people and is used by over 135 companies, including Shell, Gap and the Gates Foundation. Its system finds savings on roughly 1 in 10 hotels or flights it tracks, and Yapta typically takes a cut of the recovered savings while returning the remainder to clients. To date customers have combined for more than $15 million in savings. The company plans to use new funding to expand staff, broaden its service footprint and improve system functionality to increase its success rate. Yapta develops FareIQ, a patent-pending Intelligent Price Tracking technology that continuously monitors corporate PNRs and alerts agents and travel managers when identical itineraries can be re-ticketed at lower prices. The solution integrates with agent workflows via email alerts, a web portal, and remarks posted directly in the PNR. Yapta says FareIQ customers have saved a combined total of more than $1 million in airfare, and the company previously delivered over $450 million in consumer airfare savings to more than 1 million registered members after launching consumer services in 2007. Management plans to use the Series D financing to scale technical development, sales, and marketing to expand penetration in the corporate travel market. The company positions itself as a tool for travel procurement and T&E cost reduction across enterprises. Yapta offers FareIQ, an intelligent price‑tracking product launched last year for corporate travel, and maintains a consumer service that tracks airfare purchases and issues cash or credits if prices fall. A company spokesman described FareIQ as “the world’s only independent and unbiased intelligent price tracking solution.” The firm recently took a $1.1 million bridge loan to continue operations while it seeks its next round of capital. That financing brings Yapta’s total funding to about $15 million. The bridge cash came from existing investors such as Voyager Capital. Last summer the company appointed James Filsinger, a former Sabre Holdings executive, as CEO. Yapta provides airfare and hotel rate tracking and price-assurance services to identify and capture travel savings. Its technology has conducted more than a billion price checks on millions of flights, revealing over $350 million in savings for travelers. Concur invested $5 million in Yapta and entered a partnership under which Concur will exclusively use Yapta’s airfare price tracking and price assurance services for TripIt Pro users. The companies also plan to explore additional opportunities to integrate Yapta’s services with Concur’s travel and expense management solutions. The $5 million investment brings Yapta’s total capital raised to $13.8 million. Yapta’s core product is focused on automated price monitoring and assurance across airfare and hotels to drive savings and expense-management integrations. Yapta provides fare and hotel‑rate tracking that lets users follow specific flights and rooms and receive alerts when prices fluctuate. The service helps users obtain refunds or credits from airlines with lowest guaranteed fare policies when purchased fares decline. Yapta began as a browser add‑on in May 2007, moved to a full website in 2008, and added hotel price tracking in 2009. The product covers most major domestic and international airlines. Financially, Yapta is in the midst of a $6.4 million financing round and has raised close to $3.5 million so far. CrunchBase data indicate the round will bring the company’s total funding to $14.4 million.

• Alminder

  Participated · Seed · Oct 2013

  Alminder develops Mynd Calendar, a mobile smart calendar that acts as a contextually aware virtual assistant by learning users’ routines and priorities to predict travel times and suggest departure times. The app detects driving locations from calendar events, accounts for typical traffic and current conditions, and can launch a user’s preferred navigation app. Mynd Calendar also notifies users when they’re running late, facilitates one‑click conference call dial‑ins, surfaces attendees’ LinkedIn profiles, pulls in Evernote notes, and delivers weather forecasts. It syncs with existing calendars including iCal, Google, Microsoft Exchange and Yahoo. The company said it will use the funding to advance Mynd Calendar’s features and to expand availability in France, Germany and the Netherlands; the app is available in the US, Canada, New Zealand, Australia, the UK, Ireland, France, Germany and the Netherlands. Alminder is led by CEO Max Wheeler and recently closed a seed financing round to support product development and geographic expansion.

• Trover

  Led · Equity · Jul 2013

  Trover operates a community-driven app and website focused on travel photography and cultural discovery, serving amateur and aspiring travel photographers. The service launched in 2011 and currently reports about 120,000 unique users across its iPhone app and website. Trover was founded out of the remains of Travelpost, which had leftover Series A capital that funded early Trover work. The company has now raised a total of $5.4 million, including a newly announced $2.5 million round. Trover plans to use the new capital to accelerate community growth and improve its apps and tools. It also recently released an updated iPhone app with streamlined navigation and more ways for users to find each other and share travel information. Trover is a mobile discovery network that lets people share location-specific discoveries using photographs and short descriptions. The iOS app shows a grid of nearby photos (Facebook sign-in) and automatically tags posts with location data. Users can follow others, view a profile page for each discovery, and leave comments or observations. During a limited spring trial open to Facebook members, Trover attracted more than 70,000 users across 150 countries. An Android app is currently in development. The product emphasizes high-quality, Instagram-like photo content combined with location signals to help users find places and things nearby.

No current team members are available.